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PointsBet Review

Bonuses 83%
Banking 92%
Sportsbook 95%
Mobile App 93%
Bonus: $200 Risk-Free Bet
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Terms & Conditions Apply
Betting site pros & cons Pros & Cons
  • Bonuses for all customers with varied bankrolls
  • Unique wagering types that aren’t available elsewhere
  • Rewards program to award you bet credit
  • Does not accept eWallets
Banking highlights icon Banking
  • No fees associated with deposits & withdrawals
  • Quick payouts
  • Excellent bonuses for new & existing customers
Sportsbook highlights icon Sportsbook
  • Great value odds
  • Dynamic odds to increase your potential payout
  • Wide range of betting options from the weather to surfing
Mobile App
  • Quickly updated odds
  • Highly user-friendly
  • Available at the App Store

Overview of PointsBet

PointsBet is an Australian brand that is shaking things up in US online betting markets with their unique form of wagering, PointsBetting.

In addition to the fixed odds wagering most bettors are accustomed to, the platform offers a new take on spread and totals betting. They follow a philosophy of “the more you’re right, the more you win” to offer dynamic payouts based on margins of victory.

Even without this interesting innovation, PointsBet delivers an easy to use and engaging platform for traditional sports betting through its betting app and online sportsbook. The brand is committed to offering fixed odds at a good value, and their ongoing promo and bonus offers are extensive.

Continue with our PointsBet sportsbook review for everything you need to make the most of your wagers.

PointsBet Bonuses

BONUSES TO TRY NEW BETS
Take a risk-free shot at the brand’s unique wagering style

PointsBet offers excellent bonuses to both new and existing customers. Best of all, these PointsBet promos are structured in a way that offers value to those with bankrolls of all sizes.

The initial PointsBet sign up offer has varied in value over time, ranging from $200 – $1,000 in risk-free bets. At $1,000, this is one of the best welcome offers available, and it’s still nothing to balk at now that the sportsbook is only offering up to $200 in sign up extras.

PointsBet is constantly updating their seasonal offers and one-off promos, and they offer a solid referral bonus for anyone who can bring their friends into the mix. They are also one of the only dedicated sports betting platforms that offer a rewards program like those you’d typically see at online casinos.

Across the board, PointsBet places exceptionally few restrictions on the use and withdrawal of these bonus offers, making them more valuable to you as a bettor.

Let’s take a detailed look at how you can make the most of PointsBet free bets and other bonus offers.

PointsBet Risk-Free Sign Up Offer

PointsBet offers a pair of risk-free bets to new customers, worth up to $200.

The idea is that you’ll have an opportunity to make one risk-free bet on the fixed odds wagering offered at all sportsbooks. While the second risk-free bet will give you a chance to try the platform’s unique PointsBetting offering.

Here’s how it works:

  • Sign up and fund an account at PointsBet. To take full advantage of the offer, we suggest depositing $200.
  • Place one wager on any straight bet with fixed odds.
  • If this bet is graded a loss, your account will be refunded the amount you risked, up to $100.
  • Place a second PointsBetting wager, risking up to $100. We cover PointsBetting in detail below. The basic idea is that you’ll bet on a point spread or totals line, and your winnings or losses will be adjusted based on the margin between the point spread or total and the actual result.
  • If your PointsBetting wager is graded a loss, you will be refunded up to $100.

There is a lot to like about the PointsBet deposit bonus. PointsBet has just a 1x rollover requirement on all bonuses, so any winnings are immediately withdrawable.

While risk-free bets don’t offer any value to winners, they’re a great opportunity to make a pick you might otherwise be too cautious to take.

Note that customers in Iowa are only eligible for the fixed-odds bonus due to state regulations.

Ongoing Promotions and Bonuses at PointsBet

PointsBet has gone hard on the bonus offers as they expand into the US market. They offer a smattering of different bonuses that are sport-specific or seasonal, along with a rewards program and referral bonus that are available all the time.

Odds boosts and parlay insurance are also in the mix, adding even more intrigue to what’s already excellent pricing on the site.

PointsBet Referral Bonus

It pays to bring your friends into the action at PointsBet. You’ll be provided a unique promo code to share with your friends. Any time a friend registers using this code, both of you will receive $50 in free bet credits.

Find your unique referral code on the My Account page when you’re logged in.

Daily Boosted Odds

PointsBet offers enhanced or boosted odds on several selections every day. In fact, the extent of these offers is a huge part of what makes PointsBet a better value than most other legal sportsbooks.

PointsBet odds boosters are applied to entire sports categories or specific wager types. For example, you might see NFL futures odds shift from -150 to +100 when boosted.

We suggest checking the “Promos” tab every day you plan to wager so that you don’t miss out on any especially appealing lines.

Parlay Insurance

Parlay insurance is a common offering among online sportsbooks and betting apps. The PointsBet offer is slightly better than those we’ve seen from direct competitors.

PointsBet will refund up to $25 when just one leg of a parlay with at least four selections fails. If you hit three out of four, you will be credited the full amount risked up to $25.

Most other books offering parlay insurance require you to construct a five-leg parlay to qualify for $25 of insurance.

No Juice NFL Lines

Yes, you read that correctly. PointsBet offered all NFL point spreads with no juice during the 2019 season. Juice refers to the fee a sportsbook charges to handle your bet, and it’s always baked directly into the odds.

The no juice NFL promo means that lines that would typically be offered at -110 were available at +100, for example. This promo was applied to every game. The bottom line here is that PointsBet is by far the best priced sportsbook for NFL spread betting, assuming they continue to offer this promotion in NFL seasons to come.

Early Payouts

Not to be confused with the cash out early feature that lets you call wagers before their conclusion; the Early Payouts promotion will automatically pay out early at the original odds when your side goes up by a certain number of points.

This promotion varies depending on the sport and wager at hand, but it always applies to straight bets at fixed odds. For example, PointsBet will cash pre-game moneyline hockey wagers once your side goes up by two goals (when this promotion is running).

PointsBet Rewards

PointsBet offers a straightforward rewards program that allows you to gain bonus bets the more you wager with the site. You will earn points over time, and 100 points are worth $1.00 in bonus bet credit.

  • You earn one point for every $5 wagered on fixed odds straight bets
  • You earn one point for every $1 wagered on parlays
  • You earn one point for every $1 won or lost PointsBetting

You’ll be able to redeem your rewards points for bet credits at the following intervals:

  • 250 points ($2.50 credit)
  • 500 points ($5 credit)
  • 2,500 points ($25 credit)
  • 5,000 points ($50 credit)
  • 10,000 points ($100 credit)
  • 50,000 points ($500 credit)
  • 100,000 points ($1,000 credit)

Remember there is just 1x rollover on these bonus bets. Once you’ve risked the credited amount once, you can withdraw any winnings.

When all is said and done, PointsBet offers some of the best promotions in the business. Bonuses are structured to offer value to those with bankrolls of all sizes, and they don’t evaporate into thin air once you’ve placed your first wager.

Banking With PointsBet

MASSIVE LIMITS AND QUICK PROCESSING
$50,000 mac deposit is huge, but PayPal is not accepted

First things first – you’ll need to fund your account to enjoy all the unique offerings at PointsBet.

For all their strong points, PointsBet does offer significantly less flexibility than the competition when it comes to banking. Some of this is the result of state regulations, but other books operating in the same markets do offer a much wider range of options.

That said, there are no fees to make a deposit or withdrawal at PointsBet. The brand does a good job of processing withdrawals within the advertised timeframes as well.

PointsBet Deposit Methods

You can make a deposit in your PointsBet account using the online sportsbook or app. Unlike many other online sportsbooks operating in the US, PointsBet does not yet accept eWallets like PayPal.

That said, customers can expect smooth transactions between PointsBet and their financial institution of choice. PointsBet is a fully regulated and legitimate business in all jurisdictions it operates within.

PointsBet accepts the following deposit methods:

Credit Cards: Visa and Mastercard are accepted at PointsBet.

Debit Cards: You can also use your debit card, as long as it is affiliated with Visa or Mastercard.

Online Banking (ACH eCheck): You can make a deposit directly from your checking account with an ACH eCheck transfer.

PointsBet PrePaid Mastercard: You can use any debit or credit card to fund a prepaid PointsBet Card that can then be used to directly fund your account.

PayNearMe: Take the barcode from the PointsBet app to a PayNearMe location (all 7/11 stores, CVS, Family Dollar) and fund your account with cash.

Cash: Cash deposits are accepted at the casino cage at Meadowlands Casino in Atlantic City, NJ.

PointsBet Minimum Deposit

The minimum deposit at PointsBet is $5 and the maximum deposit is $50,000 regardless of payment method. This is an exceptionally high limit for new users.

Deposit Method Minimum Deposit Maximum Deposit Processing Time
Credit Card $5 $50,000 Instant
Debit Card $5 $50,000 Instant
ACH Transfer $5 $50,000 Less than 24 hours
PointsBet PrePaid Card $5 $50,000 Instant
PayNearMe $5 N/A 15 minutes
Cash $5 $50,000 Instant

Withdrawals at PointsBet

Withdrawal options at PointsBet are even more limited, as regulations in many US markets do not allow reverse charges to credit cards as a withdrawal method. Bettors are limited to an ACH or wire transfer directly into their checking account unless they have signed up for the PointsBet PrePaid Card.

You can instantly move funds from your PointsBet account onto the card. From there, it can be used like a credit/debit card to make purchases anywhere that Mastercard is accepted. You can also use the card to make cash withdrawals at an ATM.

Overall, we want to see more flexibility from PointsBet in terms of banking options. For all the innovative offerings in the sportsbook itself, the payment options available seem behind the times.

PointsBet's Sportsbook

A NEW STYLE OF BETTING
Make traditional bets at the best fixed odds or try Pointsbetting for an entirely new way to wager

Here’s the part of this PointsBet sportsbook review that matters most – the sportsbook experience itself.

PointsBet has built their brand around the slogan “Stay Sharp”. Sure enough, there is a lot for more experienced sports bettors to get excited about on the platform.

PointsBet odds are in line with industry standards in some cases, and much better than the competition in others. Point spreads and totals are typically offered as 20-cent lines. Add in the boosted odds promotions covered above, and you’ve got one hell of a deal.

Most bettors will be drawn to PointsBet for their proprietary new wagering style, PointsBetting. The system moves away from fixed odds, allowing bettors to win significantly more money when their pick outperforms the expectations of the bookmakers.

Taking the “Stay Sharp” (read as “No Bull*@*t”) motto a step further, the PointsBet Gameday Guarantee promises bettors can put down big money on major events, no matter how successful their betting record.

PointsBet will accept any same-day pre-game wager up to $10,000 for all MLB and NFL games, and NBA and NHL playoff games.

If you’re looking for a more dynamic sports betting experience and are committed to finding odds at a great value, PointsBet is likely the legal sportsbook you’ve been looking for.

What Sports and Leagues Does PointsBet Offer?

PointsBet doesn’t limit themselves when it comes to wagering options. If there’s a sport you want to bet on, you’re as likely to find it here as anywhere.

Here are the sports featured at PointsBet:

  • Aussie Rules
  • Basketball (NBA, NCAAB, Int’l)
  • Boxing
  • Cricket
  • Curling
  • Cycling
  • Darts
  • eSports
  • Football (NFL, NCAAF, CFL, XFL)
  • Gaelic Football
  • Golf
  • Greyhounds
  • Handball
  • Hockey (NHL, Int’l)
  • Hurling
  • MMA (UFC)
  • Motor Sports (NASCAR, F1)
  • Netball
  • Olympics
  • Rugby League
  • Rugby Union
  • Soccer (Multiple Int’l Leagues. Int’l Competition, World Cup)
  • Table Tennis
  • Tennis
  • Track & Field
  • Snooker
  • Squash
  • Surfing
  • Winter Sports
  • Volleyball

 

You can even bet on the weather if you fancy. Note that not all sports will be available in every market due to regulations and demand.

What Kind of Bets Can I Place?

This is where things get interesting. PointsBet’s calling card is unique wagering types that aren’t available elsewhere. That said, bettors can still expect to see most of the traditional betting options they’re accustomed to.

You’ll find the following betting options at PointsBet:

  • Moneylines
  • Point Spreads
  • Totals (Over/Under)
  • Championship Futures
  • Player Futures
  • Win Totals
  • Parlays & Round Robins
  • Team Props, Player Props, Game Props
  • Points Multipliers (ex: Q1 Points x Q2 Points)

 

Live betting markets are extensive, with in-play odds constantly updated to keep you on your toes.

 

PointsBet offers some interesting props you won’t find elsewhere. For example, you can wager on players’ shooting percentage or completion percentage, along with taking the over/under on the number of minutes played before they tally a certain number of points during the season.

Of course, the most interesting option of all is PointBet’s namesake betting style: PointsBetting.

What Is PointsBetting and How Does It Work?

PointsBetting is a new take on sports betting that does not use fixed odds to determine the size of your potential payout or loss. Instead, the potential payout and your risk are dynamic and will be adjusted based on how far the actual result is from the projected number, be it a spread or a total.

To take it straight from PointsBet, the more you’re right, the more you win. The more you’re wrong, the more you lose.

  • If your bet wins by one point (or unit), you would win 1 x your bet amount (stake).
  • If your bet wins by 2 units, you win 2 x stake. If your bet wins by 10 units, you win 10 x stake.
  • If you lose by 1 unit, you lose 1 x stake.
  • If you lose by 10 units, you lose 10 x stake.

Your concern is no longer as simple as “Will this team cover the spread?” or “Will this running back rush over 35 yards?” – you’re now wagering on how much they’ll exceed or fall below expectations of the bookmakers.

Say you bet a total to go over 250 points in NBA. If it finishes at 260, (10 points over) and you bet $10, you will win $100 ($10 x 10 points). But the opposite is also true. If the actual total ends at 240, you would lose $100 ($10 x 10 points).

This adds a huge amount of excitement and new angle to your wagers, but it also leaves you open to massive losses. You can pick a “stop loss” amount which will cap your wins or losses, and all wagers have predetermined maximum win and loss levels.

The size of your stake should reflect your level of confidence in the bet, as always. It’s crucial to realize you are risking more than your stake since the downside risk will always be a multiplier of this amount.

PointsBetting works for any wager that involves a set number, be it a total or spread. You can bet on players or team props traditionally offered as over/unders, totals, and point spreads. Make sure you view the “Market Info” to explain exactly how your wager will be graded.

PointsBetting is a bit more complex than traditional sports betting with fixed odds. We highly suggest watching the instructional video at PointsBet before giving it a try. Start small. Walk before you run. If it all sounds too complicated for your liking, you can always stick to the extensive fixed odds markets.

Cash Out Early More Often

Like many online sportsbooks and betting apps, PointsBet will allow you to cash out some wagers early. This allows you to minimize your losses or lock in a profit before the event in question reaches its conclusion.

With that, your payout will be adjusted accordingly when cashing out early. This is a great way to hedge your bets. PointsBet allows you to cash out early on significantly more bets than most of the competition.

All pre-game straight bets at fixed odds are eligible for early cash out. Simply visit the “Pending Bets” tab to take advantage.

Name Your Bet

If you can somehow think of a proposition or market that isn’t already on the site, you can “Name Your Bet.” Just tweet your concept @PointsBetUSA with the hashtag #nameabet, and they’ll price it.

Mobile App Betting

CLEAN, MODERN BETTING APP
Easily access the entire PointsBet menu on the go

PointsBet is one of the newer companies in the world of online sports betting, so it’s no surprise that they’ve built their platforms for superior mobile performance.

Even with all the betting markets available on the site, the PointsBet app is easy to navigate and updates odds and stats quickly – a crucial feature when betting on live action with PointsBet In-Play.

iOS users can download the app directly from the Apple Store. Android users can access the download via a link at the online sportsbook.

Sign Up

SIMPLE TEN-MINUTE REGISTRATION
Electronic verification makes for speedy, hassle-free sign ups

Getting started at PointsBet is extremely simple. Unless you plan on wagering in Iowa, all you need to do is visit the online sportsbook or PointsBet app and have the following information ready to go:

  • Full name
  • Date of birth
  • Residential address
  • Email
  • Social Security Number

PointsBet will use electronic verification software to ensure the details you provide match publicly available records. In most cases, you do not need to upload any supporting documentation when creating a new account at PointsBet.

Users accessing PointsBet online will need to download and enable geo-location software to ensure they are located within the proper jurisdiction. This functionality is integrated directly into the app.

While PointsBet is relatively new to the US market, they are an established brand in Australia with a long track record of protecting the private information of their users. What’s more, they are heavily regulated as a legal option. You can trust them with your personal information, including your social security number.

Bettors in Iowa will need to confirm their new accounts in-person to complete the registration process. Download the PointsBet app and visit Catfish Bend Casino with your government-issued identification to get set up with PointsBet Iowa.

Catfish Bend Casino
3001 Winegard Dr
Burlington, IA
52601

PointsBet users in Australia will be asked to submit a copy of their photo identification when registering with the sportsbook.

Restrictions

You must be at least 21 years old to sign up and wager with PointsBet in the United States. PointsBet also accepts players 18 years and older in Australia.

Players in the United States must be physically located in a state in which PointsBet has a license to offer online sports betting. You can find a full list of states where PointsBet is allowed below.

Note that you do not need to be a resident of these states to bet with PointsBet. You simply need to be physically located within state boundaries at the time you fund your account and place any wagers.

Available Markets

UNITED STATES & AUSTRALIA ONLY
PointsBet is aggressively expanding in US states with legal betting

PointsBet is in the process of rapidly expanding their footprint in the United States as more states legalize online and mobile sports betting.

They’ve now opened a “Western Headquarters” in Denver, Colorado, and have already obtained licenses to operate in many additional markets over the coming year.

PointsBet is currently available in the following states:

State PointsBet Online Betting? PointsBet Retail Sportsbook? Retail Locations(s)
Indiana Yes No N/A
Iowa Yes Yes Catfish Bend Casino
New Jersey Yes No N/A

PointsBet maintains a huge presence in its original market in Australia. In 2019, the firm went public on the Australia Stock Exchange.

PointsBet does not currently accept users from countries other than the United States and Australia.

Customer Service

EXCELLENT CUSTOMER SUPPORT
Talk with a real person at any time

PointsBet does a solid job of providing answers to frequently asked questions right on the website. Visit the ‘Help’ page for detailed responses covering everything from bonuses to account suspensions.

The ‘What Is PointsBetting?’ page is also an excellent resource for those trying to get the swing of this new wagering method.

If you are unable to find the info you’re looking for on these pages, PointsBet offers a direct link to email customer service directly in the navigation. They also offer live chat support, which is the fastest way to receive an answer to most questions.

The customer service team is based in the US, and they are available for immediate response from 6AM – Midnight (EST) every day.

The Bottom Line

PointsBet is the new kid on the block. Their betting app and sportsbook do much more than pay lip service to shaking up the industry. If you’re looking for entirely new challenges in your sports betting career, it’s time to give PointsBet a try.

Pairing extensive ongoing promotions and well-priced odds with an entirely new way to bet on sports, PointsBet has truly set itself apart from the competition.

While many sportsbooks come up with creative ways to package similar offerings, PointsBet offers the opportunity to fundamentally rethink the way you bet on sports without sacrificing access to the sportsbook features and wagering types available elsewhere.

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*Terms & Conditions apply to all sports bonus offers. Please visit operator’s website for details.
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